Thrive Holdings to Acquire ADT for $7.6 Billion
Joshua Kushner’s investment firm plans to take the security giant private.
Security giant ADT is set to change ownership. Thrive Holdings, led by Joshua Kushner, has announced its acquisition of the company for $7.6 billion. The all-cash transaction will result in ADT being delisted from public trading as it transitions into a private company. The parties expect the deal to close in the first quarter of 2027.
Who is the new owner?
Thrive Holdings, established last year, is a subsidiary of Joshua Kushner’s prominent investment firm, Thrive Capital Management. Market analysts often refer to the company as an "artificial intelligence private equity fund." Their strategy involves purchasing traditional businesses—ranging from accounting to IT services—and actively integrating artificial intelligence (AI) technologies into their operations. A similar transformation is expected for ADT.
What changes for ADT?
ADT has long moved beyond simple alarm systems. The company actively collaborates with tech giants, including Google and Apple. Through these partnerships, ADT technicians offer customers Google Nest devices and the latest smart home products from Apple. This service aims to combine security and smart home technology into a single, unified experience.
CEO Jim DeVries believes the new ownership will accelerate ADT’s technological development. He stated that the capital and technological expertise provided by Thrive Holdings will create new opportunities to enhance the customer experience and bring greater peace of mind to homes and businesses alike.
What does this mean for the customer?
While ADT’s direct operations are less prominent in the Georgian market, this deal serves as a significant global signal of how investment funds are attempting to modernize traditional services. The integration of artificial intelligence into security systems could lead to smarter monitoring, a reduction in false alarms, and more sophisticated home automation methods.
In the coming months, as the deal officially closes, we will see how Thrive Holdings manages to transform traditional security services into a modern, AI-based platform. For the tech industry, this is further confirmation that artificial intelligence is no longer just a software component, but is becoming an integral part of physical security and infrastructure.